Two months later, it was revealed that Al Gough and Miles Millar, creators of TV's "Smallville," had been hired to adapt the book into a usable script. The latest word is that Bay won't be directing; if I had to guess, it's because he's busy with the next "Transformers" movie. D.J. Caruso will step in to take the reins instead, The Hollywood Reporter reveals.

Caruso is a DreamWorks favorite, for his work on "Disturbia" and "Eagle Eye." Bay will still produce of course, which ought to help out the newly hired director as this is his first foray into feature-length science fiction.

Those who are curious about "I Am Number Four" are going to have to wait a bit. HarperCollins Children's Books will publish, but the first episode in the series isn't planned for release until this fall.

Are you curious about "I Am Number Four"? Weird that James Frey wrote a children's book? What do you think of the writer/director team that's been assembled?